We are proud to introduce our new D&O wording, which offers a best-in-class product designed to provide our clients with the most comprehensive protection possible. Securing broad coverage now is crucial, as market conditions may change, potentially limiting future opportunities for enhanced coverage. Acting today ensures that clients are well-prepared for whatever the future may hold.

However, we believe that certain accounts are still significantly overpriced, which allows us, in some exceptional cases, to negotiate discounts of up to 40%. It is important to emphasize that these larger reductions are not the norm. The current decrease in rates is primarily driven by intense market competition, along with companies tightening their financial strategies to mitigate insolvency risks.

Many insurers have turned their attention towards sectors that were previously overlooked, to achieve their growth objectives. Considering the increasing instances of insolvency, there’s a growing emphasis among insurers on the insured’s financial capacity to sustain the forthcoming 12 months. 

Insurers continue to look to increase lines to compensate for the premium rate drops.